Impax Asset Management Group (IPX) Lowered to “Add” at Peel Hunt

Impax Asset Management Group (LON:IPX) was downgraded by equities researchers at Peel Hunt to an “add” rating in a research report issued on Wednesday, November 29th. They currently have a GBX 165 ($2.21) price target on the stock, up from their prior price target of GBX 150 ($2.01). Peel Hunt’s price objective would suggest a potential downside of 4.62% from the stock’s current price.

Impax Asset Management Group (IPX) opened at GBX 173 ($2.31) on Wednesday. Impax Asset Management Group has a 12 month low of GBX 63 ($0.84) and a 12 month high of GBX 175 ($2.34). The firm has a market cap of $381.52 and a price-to-earnings ratio of 2,471.43.

In other news, insider Ian Simm sold 450,000 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of GBX 142 ($1.90), for a total transaction of £639,000 ($854,392.30).

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Impax Asset Management Group Company Profile

Impax Asset Management Group plc is an investment company offering listed and private equity strategies primarily to institutional clients. The Company has six listed equity strategies: Specialists, Leaders, Water, Asia-Pacific, Global Opportunities, and Food and Agriculture. Its real assets business comprises renewable power generation and sustainable property private equity funds.

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